New Tech Network INC EIN 46-5770233

New Tech Network INC

EIN  46-5770233 Public charity (501(c)(3)) Napa, CA Founded 2014
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 8/13/26 · see original filing: IRS
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Size
$1–10M
What they do
Empowers school leaders and educators to make lasting, scalable changes in education.
Leadership
James May · President & CEO · $241K
Money in and out
$8.1M revenue, $7.8M expenses
Bottom line
78% program efficiency

Empowers school leaders and educators to make lasting, scalable changes in education. For fiscal year 2024 it reported $8.1M in revenue, $7.8M in expenses, and $5.7M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$8.1M
Pt VIII · Ln 12
Total expenses
$7.8M
Pt IX · Ln 25
Net assets
$5.7M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $329K
Where spending went · Part IX cols B–D
Program services $0.78 Management & general $0.17 Fundraising $0.05
Program efficiency
78%
of spending reaches programs▼ -3% vs prior filing year
Operating runway
11.0mo
months of highly liquid reserves at operating expense rate▲ +22% vs prior filing year
Surplus margin
+4%
revenue over expenses, this year▲ +222% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$8.1M
FY2024▼ -15%
Expenses
$7.8M
FY2024▼ -21%
Total assets
$7.3M
FY2024▼ -15%
Total liabilities
$1.6M
FY2024▼ -50%
Total revenue
$8.1M
Pt VIII · Ln 12
Total expenses
$7.8M
Pt IX · Ln 25
Net assets
$5.7M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$329K
Total assetsPt X · Ln 16$7.3M
Program-expense ratioPt IX · col B78%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

3 program services account for $5.8M of program spending, described in the organization's own filed words · FY2024.
01

New Tech Network Fee-For-Service Engagements

NTN whole school model services enable schools to prepare each student for post-secondary success with the knowledge, skills, and mindsets to be ready for college and career. Through coaching and professional development services, schools use the NTN model to support college and careerready outcomes for all students.

$4.1Mprogram expense
02

College Access Network for School Improvement

Networks for school improvement (nsi) grant from the bill & melinda gates foundation (BMGF) - NTN'S college access network partners with a diverse group of schools and districts to improve college access by leveraging continuous improvement practices.

$1.3Mprogram expense
03

Carnegie Corporation of New York (ccny) Foundation Grant

NTN operationalizes learnings from the past 7 years, further enhancing district and leader capacity to support, lead, and sustain deeper learning experiences across district schools. With the support of ccny, NTN will work with four districts to reach over 8,000 students, significantly increasing both the opportunities and the quality of…

$379Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CNew Tech Network INC
EINHdr · item D46-5770233
Principal addressHdr · item CNapa, CA
WebsiteHdr · item Jwww.newtechnetwork.org
Year of formationHdr · item L2014
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B90)
Ruling yearIRS BMFMay 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President & CEO
$241,090Pt VII · Sec A
Chief People & Equity Officer
$196,567Pt VII · Sec A
Managing Director of Growth
$173,681Pt VII · Sec A
Managing Director of Strategy
$163,671Pt VII · Sec A
Managing Director, Edu. & School Dev.
$159,376Pt VII · Sec A
Chief Financial Officer
$131,269Pt VII · Sec A
Chief Financial Officer (thru 06/24)
$118,892Pt VII · Sec A
Director of District & School Dev.
$116,602Pt VII · Sec A

James May’s $241K as President & CEO is at the 90th percentile of top reported officer pay among 3393 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Lydia Dobyns$254,905$322,086$321,741$317,897$315,802
James May$241,090$252,850$109,949$175,518$172,059
Timothy Presiado$208,670$207,290$206,634
Eileen Grady$118,892$195,250$200,624$182,959$184,414$181,028
Jenny Boyd Thru 0824$196,567
Jenny Boyd$181,390$195,096
Megan Pacheco$194,914$183,112$172,940
Alexis Morgan$172,512$194,167

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$4.7M · 57%
Contributions & grants$3.2M · 39%
Investment income$348K · 4%
Program service revenue57%$4.7M
Contributions & grants39%$3.2M
Investment income4%$348K
Total revenueLn 12$8.1M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.78 Management & general $0.17 Fundraising $0.05
Program services78%$6.1M
Management & general17%$1.3M
Fundraising5%$372K
Total functional expensesLn 25$7.8M

Balance Sheet

Part X · end of year
CashLn 1$7.0M
Total assetsLn 16$7.3M
Total liabilitiesLn 26$1.6M
Total net assetsLn 32$5.7M
Months of cash on handcomputed10.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $7.0M · Operating expenses (Pt IX) $7.8M · Less non-cash grants $228K · Cash operating expenses/yr $7.6M
11.0 months
Where the money goes
Program services
Program services $6.1M · Total expenses $7.8M
78%
Management & General
Management & general $1.3M · Total expenses $7.8M
17%
Fundraising
Fundraising $372K · Total expenses $7.8M
5%
Cost to raise $1
Fundraising expense (3-yr avg) $205K · Solicited contributions (3-yr avg) $3.3M
$0.06 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $3.2M · Total revenue $8.1M
39%
Government reliance
Government grants — · Total revenue $8.1M
Earned-income share
Program service revenue $4.7M · Total revenue $8.1M
57%
Investment reliance
Investment income $348K · Total revenue $8.1M
+4%
Program self-sufficiency
Program service revenue $4.7M · Total expenses $7.8M
59%
Growth & trend
Revenue growth (YoY)
This year $8.1M · Prior year $9.5M
-15%
Revenue CAGR
FY2019 $12.0M · FY2024 $8.1M
-7%
Net-asset trend (YoY)
End of year $5.7M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $8.1M · Expenses $7.8M
+4%
Liabilities-to-Assets
Total liabilities — · Total assets $7.3M
Net-asset ratio
Net assets $5.7M · Total assets $7.3M
79%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $7.3M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual James May · Reported title PRESIDENT & CEO · Highest reported compensation $241K · Total expenses $7.8M
3%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $5.2M · Total expenses $7.8M
67%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 78%
Overhead ratio 17%
Fundraising cost ratio 12%
Revenue growth -15%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Greater HorizonsFY2024$1.5M
Total grants receivedfrom 3 funders$2.6M
See all 3 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$9.5M revenue · ⤓ 990 PDF
FY2023$8.6M revenue · ⤓ 990 PDF
FY2022$15.0M revenue · ⤓ 990 PDF
FY2021$13.7M revenue · ⤓ 990 PDF
FY2020$12.0M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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